PPP Loan information for Southtowne motors inc

$744,800

Southtowne motors inc was initially approved for PPP Loan of amount $744,800, the current approved amount is $744,800. The loan was approved on 04/09/2020 by The Truist Bank reported 55 jobs and $744,800 was used to fund payroll.

Southtowne motors inc is Existing or more than 2 years old

PPP Loan Search / GA / RIVERDALE / Southtowne motors inc

SOUTHTOWNE MOTORS INC

Date Approved

04/09/2020

SBA Office Code

0405

Processing Method

PPP

Borrower Name

SOUTHTOWNE MOTORS INC

Borrower Address

7665 Highway 85

Borrower City

RIVERDALE

Borrower State

GA

Borrower Zip

30274

Loan Status Date

04/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

744800.00

Current Approval Amount

744800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

RIVERDALE

Project County Name

CLAYTON

Project State

GA

Project Zip

30274-0328

CD

GA-05

Jobs Reported

55

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

744800.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

751317.00

Forgiveness Date

03/03/2021

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